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The way you decided to tell the story is through the personal stories of six different people. tell us about how you found them and a little about sidney banner s story? the idea was to tell the story of the foreclosure crisis in early of the phases it went through starting in 2007 up until now. the idea of being that the crisis started in mostly low income communities with folks who were victims of predatory lending or they took out subprime mortgages or were somehow deceived by banks into taking out loan products that didn t make sense as borrowers. we ve seen this over and over again. a million such homeowners who have been put into loans they can t an ford or that were in some way designed to fail. we tried to show the profiles of six borrowers who represented each stage of what went on in the foreclosure ....
Crisis. dana: sidney banner lost a business then his house. a guy i met in palm beach county, florida on the day that he officially by the court record lost his home. when the judge said we are setting the date for the auction. he s from the second wave of foreclosures. the people who were victims of a bad economy. middle class people who had jobs and incomes and had no problem paying their loans until they lost their jobs or underwent some sort of fiscal hardship. mr. banner, a very nice gentleman, world war ii vet, 84-years-old. he lost a small commercial leaning business he ran with his family two years ago. right before he lost it, he he took out a $250,000 home equity loan to help make his payroll and a his employees borrowed his house in boca raton, florida. he defaulted on that loan and ....
Crisis. dana: sidney banner lost a business then his house. a guy i met in palm beach county, florida on the day that he officially by the court record lost his home. when the judge said we are setting the date for the auction. he s from the second wave of foreclosures. the people who were victims of a bad economy. middle class people who had jobs and incomes and had no problem paying their loans until they lost their jobs or underwent some sort of fiscal hardship. mr. banner, a very nice gentleman, world war ii vet, 84-years-old. he lost a small commercial leaning business he ran with his family two years ago. right before he lost it, he he took out a $250,000 home equity loan to help make his payroll and a his employees borrowed his house in boca raton, florida. he defaulted on that loan and ....
The way you decided to tell the story is through the personal stories of six different people. tell us about how you found them and a little about sidney banner s story? the idea was to tell the story of the foreclosure crisis in early of the phases it went through starting in 2007 up until now. the idea of being that the crisis started in mostly low income communities with folks who were victims of predatory lending or they took out subprime mortgages or were somehow deceived by banks into taking out loan products that didn t make sense as borrowers. we ve seen this over and over again. a million such homeowners who have been put into loans they can t an ford or that were in some way designed to fail. we tried to show the profiles of six borrowers who represented each stage of what went on in the foreclosure ....